• Ellie Chun

Message from Coach

On this week’s market summary:

▶️1. *HSBC will resume paying a dividend despite announcing a 34 per cent drop in annual profits after its global business was hit hard by the coronavirus pandemic.* Europe’s largest bank performed slightly above analysts’ expectations in 2020 although it was weighed down by loan losses, reporting profit before tax of $8.8bn, down from $13.4bn the previous year. In the fourth quarter, adjusted profit slid 50 per cent year on year to $2.2bn, just above the $1.8bn estimated by analysts. The bank said on Tuesday that it would start paying a dividend of $0.15 a share after a Bank of England ban on shareholder payouts was partially lifted late last year.

▶️2. *Even as China overtook the United States as the European Union’s biggest trading partner last year, the services sector offers untapped potentials to grow the relationship which reached €586 billion (US$707 billion) in 2020*, according to the president of the European Union Chamber of Commerce in China. China’s trade volume in goods with the 27-member European Union (EU), excluding Britain, reached €586 billion in 2020, according to the latest data.

▶️3. *Embattled tycoon Pan Sutong is being sued by CK Asset Holdings for allegedly breaching an agreement granting Hong Kong’s second-largest developer the right of first refusal on a luxury residential site in Ho Man Tin*.Cheung Kong Property (Business Development), a unit of CK Asset, filed a writ to the High Court on February 19 against Pan and his privately owned Gold Brilliant Investment Limited claiming they had violated the agreement that was signed on September 1, 2020. Great Eagle claims to have paid a deposit for the parcel of land.

▶️4. *Shares across the Asia-Pacific region were mostly higher after a rough day on Wall Street, where US technology stocks tumbled in the face of rising inflation expectations.* Hong Kong’s Hang Seng index jumped 1 per cent in early trading on Tuesday while Australia’s S&P/ASX 200 added 0.6 per cent. China’s CSI 300 index of Shanghai- and Shenzhen- listed stocks climbed 0.2 per cent a day after the benchmark suffered its biggest one-day drop in more than six months. The sell-off was prompted by concerns that the country’s rapid economic recovery from the Covid-19 pandemic could bring on the removal of policy support for asset prices.


One of the must-ask interview questions for banking and finance is: “Have you read any news recently?”, with the follow-up questions: “How would you link this news to the market and what investment suggestions would you give to your clients based on this news?” .

Showing your market sense and ability to provide feasible investment ideas would help to differentiate you from other candidates. Therefore, apart from the weekly news update / investment insights, we have also generated this Weekly Market Summary for you to have a quick understanding of the market development and tips to answer some hot discussion topics.

20210226 HKCareers_Weekly Market Summary
Download • 244KB

Take a look of the summary and WhatsApp us in the group if you have questions.

12 views0 comments

Recent Posts

See All